Quarterly Performance & Business Outlook
Total Page:16
File Type:pdf, Size:1020Kb
Annexure ‘C’ Quarterly Performance & Business Outlook Q3 & 9M FY2016 Unique, Distinctive, Disruptive Disclaimer Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause its actual results to differ materially from those contemplated by the relevant forward-looking statements. Balaji Telefilms Limited (BTL) will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. The content mentioned in the report are not to be used or re-produced anywhere without prior permission of BTL. 2 Unique, Distinctive, Disruptive Table of Contents About Balaji Telefilms 4 - 9 Financials 10 - 32 Television 33 - 35 Motion Pictures 36 - 40 3 Unique, Distinctive, Disruptive About Balaji Telefilms About Balaji Telefilms A leading entertainment house in India since 1994 Demonstrated ability to create high quality content Executed over 15,000 hours of television content in Hindi, Tamil, Telugu, Kannada, Malayalam and Bengali entertainment across genres Owning 19 modern studios and 31 editing suites - more than any Indian company in Media Entertainment Sector Strong presence in Hindi General Entertainment Channels (GECs) and Regional GECs across India Moved towards HD programming to enhance viewing experience Youngest entrant in motion pictures - quickly recognized amongst the top 5 studios in film production in India Expanding presence in Motion Pictures across genres and budgets – ALT Entertainment & Balaji Motion Pictures Successfully launched brand EK and Alt Digital Media Entertainment Limited, the digital foray of Balaji Telefilms Limited Unique, Distinctive, Disruptive Board of Directors Jeetendra Kapoor - Shobha Kapoor - Managing Chairman Director Jeetendra Kapoor is a popular movie star Shobha Kapoor has been instrumental in throughout the 1970s and 1980s and has transforming the Company from its small starred in more than 200 Movies in his 45- year beginnings in 1994 to India’s largest TV content career company Since inception, Mrs. Kapoor has been hands on He has won a number of awards including the in the Company’s operational management and Filmfare Lifetime Achievement Award, the efficiency and in controlling ‘on set’ activity Legends of Cinema Award and the Dadasaheb Phalke Academy Award Works closely with Business Heads helping them discharge their responsibilities His extensive relationship in the Indian Her stellar work in building the Balaji brand entertainment industry proved to be extremely made her win several awards including CEO of beneficial for the Company in its formative the Year (Indian Telly Awards), Businesswoman years and he continues to open new frontiers of the Year (The Economic Times) and numerous for the Company Best Producer awards for their TV shows Tusshar Kapoor - Director Tusshar Kapoor is a certified MBA (Masters in Business Administration) from the Michigan University in the United States His first movie with Kareena Kapoor titled ‘Mujhe Kuch Kehna Hai’ shot him to immediate stardom and bagged him prestigious awards such as Filmfare Awards and Zee Cine Awards for being the Best Male Debutant of the Year His maturity as a seasoned actor has been visible in numerous Movies such as ‘Khakee’ and was nominated in the category of Best Supporting Actor in various renowned Bollywood Awards 6 Private and Confidential Unique, Distinctive, Disruptive Board of Directors (cont’d) D.G. Rajan - Independent Director Arun Kumar Purwar - Independent Director Mr. Arun Kumar Purwar joined as A Chartered Accountant and Fellow of the Independent Director of the Balaji Institute of Chartered Accountants in Telefilms Limited. on May 20, 2015 England and Wales, and the Institute of Chartered Accountants of India Currently the Chairman of ILFS Renewable Energy, one of the largest Currently, the Advisor and Management renewable energy company of the Consultant for many domestic and Country International Groups He also works as an Independent Director in leading companies across diverse sectors like Power, Solar Energy, Telecom, Steel, Engineering Consultancy, Pharma Ashutosh Khanna - Independent Director Heads the Global Consumer Markets practice of Korn/ Ferry International’s New Delhi office Leverages the deep relationships he has built within the marketing and advertising fraternity to work closely with clients for senior level placements in the industry 7 Private and Confidential Unique, Distinctive, Disruptive Board of Directors (cont’d) Mr. D. K. Vasal - Independent Director Mr. V. B. Dalal - Independent Director Over 30 years of experience in the Over 40 years of experience in Audit and service and manufacturing industry Direct Taxation and also handled international assignments in internal and Was a Senior Equity Partner in one of the operational audits in U.K, Portugal, Kenya, leading law firms of India, Group Legal and Indonesia Counsel of Vedanta Plc, Sterlite Group; Head of Legal (India Region) Standard An academic experience of more than 10 Chartered Bank, Senior Advisor of Bank years as part time lecturer in Accountancy, of Baroda; Executive Vice President and having worked with the Dahanukar College Head Legal & Compliance of DCB Bank of Commerce and Economics affiliated to Ltd; Head Legal – a new-generation University of Mumbai. private sector bank (now HDFC Bank) He is Director on Board and Chairman of Audit Committee of M/s Maharashtra Polybutanes Limited and M/s Oxides and Specialties Limited and is a Proprietor of V.B Pradeep Sarda - Independent Director Dalal & Co The Chairman of the Sarda Group of Companies and the Chairman of the Governing Board of the Ecole Mondiale World School Experienced in multiple industry verticals, including paper, engineering, construction and real estate 8 Private and Confidential Unique, Distinctive, Disruptive Strong promoter group and management team credentials Ekta Kapoor, SAMEER NAIR Joint Managing Group CEO Director A content maestro- the creative brain behind TV and media veteran with a stellar track Balaji record She is a leading Indian TV and film producer. Under Former Programming Head, COO, CEO of Star her creative guidance, Balaji has won almost every India, and Founder/CEO of NDTV Imagine, major TV award later christened Turner General Entertainment Her stellar work in creating a large content Networks. conglomerate at a young age garnered her several Chairman of PROMAX India from 2005-2011 distinguished awards” The Economic Times and the only Indian representative on the (Businesswoman of the Year 2002), E&Y board of PROMAX Worldwide (Entrepreneur of the Year 2001) and the American Catapulted Star Plus to pole position in 2000 Biographical Institute (Woman of the Year 2001) by launching game changers such as Kaun IMPACT placed her at the No. 3 position among ‘50 Banega Crorepati (KBC), Kyunki... Saas Bhi Most Influential Women’ in the Indian marketing, Kabhi Bahu Thi and Kahaani Ghar Ghar Kii advertising and media ecosystems A proven track record of leading, managing Her Bollywood movie productions include blockbusters and mentoring large, young creative and such as Shootout at Lokhandwala, The Dirty Picture, revenue teams in the media and Shaadi Ke Side Effects among others entertainment space 9 Unique, Distinctive, Disruptive Performance Overview – Q3 & 9M FY16 10 Financial Highlights – Q3 & 9M FY16 (Standalone) Results for Q3 FY16 Revenues at ` 720.3 million {` 572.7 million in Q3 FY15} - growth of 26% EBITDA is ` 180.5 million {` 42.5 million in Q3 FY15} - growth of 325% Other income includes interest income on loan given to subsidiaries/LLP ` 86.7 million (Q3 FY15 ` Nil) in accordance with Section 185 of the Companies Act, 2013 Profit after tax is ` 206.6 million {` 30.9 million in Q3 FY15} - growth of 569% Yeh Kahan Aa Gaye Hum, Nagin and Pyar Ko Ho Jane Do were new shows aired during the quarter Hours for Commissioned programs increased to 294.5 hours as compared to 277.0 hours in Q3 FY15 - growth of 6% Average realisation per hour for the quarter ` 2.42 million {` 2.06 million in Q3 FY15} - growth of 17% Results for 9M FY16 Revenues at ` 1,916.0 million {` 1,462.5 million in 9M FY15} - growth of 31% EBITDA is ` 345.1 million {` 50.7 million in 9M FY15} - growth of 581% Other income includes interest income on loan given to subsidiaries/LLP ` 86.7 million (9M FY15 ` Nil) in accordance with Section 185 of the Companies Act, 2013 Profit after tax is ` 354.8 million {` 26.6 million in 9M FY15} - growth of 1234% Hours for Commissioned programs at 702.5 hours as compared to 704.0 hours in 9M FY15 - decline of (0.6%) Average realisation per hour was at ` 2.41 million {` 2.05 million in 9M FY15} - growth of 18% Investment in mutual fund units at the nine month period ended December 31, 2015 ` 566.2 million (at cost) Investment in BMPL is ` 300.0 million as equity and ` 2,073.5 million as advances for the upcoming movie projects 11 Unique, Distinctive, Disruptive Show report for the quarter ended December 31, 2015 Sr.No Shows Channel Time Schedule 1 Ye Hai Mohabbatein Star Plus 19.30 - 20.00 Monday – Sunday 2 Naagin Colors 20.00 – 21.00 Saturday - Sunday 3 Kuch Toh Hai Tere Mere Darmiyaan* Star Plus 20.30 -21.00 Monday – Saturday 4 Pavitra Bandhan Do Dilo Ka DD National 20.30 - 21.00 Monday – Friday 5 Kalash-EK Vishwaas Life Ok 20.30 - 21.00 Monday – Friday 6 Kumkum Bhagya Zee 21.00 - 21.30 Monday – Saturday 7 Pyaar Ko Ho Jaane Do* Sony 21.30 – 22.00 Monday – Friday 8 Ye Kahan Aa Gaye Hum &TV 21.30 – 22.00 Monday – Friday 9 Meri Aashiqui Tum Se Hi Colors 22.00 - 22.30 Monday – Friday 10 Itna Karo Na Mujhe Pyaar(off-air in Nov’15) Sony 22.30 - 23.00 Monday – Thursday 11 Gumrah – 5 Channel V 19.00-20.00 Sunday * Off-air in Q4 FY16 12 Unique, Distinctive, Disruptive Financial Performance – Q3 FY16 (Standalone) Total Income EBIDTA 720 181 573 511 93 .